Hindalco Industries has raised Rs 3,350 crore through issuance of shares to qualified institutional buyers (QIBs). The company had set the floor price at Rs 184.45 per share for raising funds through qualified institutional placement (QIP) issue, which opened on March 2, 2017.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
